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Cost Plus Pricing | What is Cost Plus Pricing?

Have you ever wondered how businesses set a price for their product or service? Cost plus pricing is one is a pricing strategy used by businesses to set a selling price for their product. Cost-plus pricing is a pricing strategy used by businesses to determine the selling price of a product or service. It is when a business either purchases or manufactures a product for a certain cost and then adds on the profit margin it wants to make. The cost of the product plus the profit margin equals the selling price. ►Become a FREE SUBSCRIBER to TWO TEACHERS now: https://www.youtube.com/c/TwoTeachers... 00:00 What is cost plus pricing? 00:59 How Apple uses cost plus pricing 01:36 Advantages of cost plus pricing 02:10 Limitations of cost plus pricing Remember to hit subscribe & turn notifications on (bell icon) so you don't miss out on any new videos! ►A free activity resource for students can be downloaded via the following link: https://www.twoteachers.co.uk/costplu... ►Check out our website for lots of educational business resources https://www.twoteachers.co.uk #pricingstrategy #price #costpluspricing

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